About Car Club

Car club is a premier car rental company founded with a vision of becoming a leader in “Ground Transportation” for both personal and corporate
travel. Car club is backed by panel of experienced Industry experts who have collective experience of more than 80 years. The company had started
operations with the fleet size of 225 cars in 8 cities during October 2007. The company is funded by
Berggruen Holdings Inc NYC.

Car club has grown from strength to strength since the inception, and today the company operates a fleet of about 7500 cars in 101 cities servicing
over 1000 corporate houses and many luxury hotels, recognized as one of the preferred car rental supplier. Car club has set up multiple car dispatching facilities in each
city to reach the customer faster and in the process cut down idle time & mileage. In the 101 Car rental cities where Car club services are
available, it has set up 78 operating locations which are operational 24X7.

Car club offers both self drive and chauffeur drive to its customers across all these cities through its wide range of brand new fleet of cars.
Self drive rentals are tailor made with unlimited mileage options for any period between one day to 3 years. The fleet of cars includes entry
level Economy cars, multi-utility vans, sedans and SUVs.

In the chauffeur drive segment, car club offers airport transfers, half day and full day rentals within the city limits, inter-city journeys,
monthly hiring with or without chauffeurs and with or without fuel etc. The rental options are wide and can be customized to suit all the needs
of the travelers. The fleet of cars for Chauffeur drive rentals comprises of cars ranging from Mid size to Super luxury segment manufactured by
Ford, Toyota, Honda, VW, Maruti, Nissan, BMW, Mercedes Benz, Audi etc. Car club also offers luxury vans and coaches across its network cities on
hire. This segment includes vehicles such as VW Crafter, Mercedes Viano, Toyota Commuter, Volvo coaches etc.

Car club also offers weekend chauffeur driven holiday packages to tourist and pilgrimage interested places. This door to door services offers
hassle free rentals with 100% reliability on service delivery. Car club chauffeurs are well trained by Hubert Ebner for safety driving skills and
trained by in house personnel for soft skills.

Car club through its international affiliate Tristar Worldwide
Services, offers chauffeur drive services in 89 countries in the world covering Europe, Americas & Canada, Asia and Australia. Car club offers
centralized invoicing and payment options for international usages in India.

Car club accepts all the credit and debit cards including Master, Visa and American Express through its secured payment gateway. The invoicing
process is 100% accurate with complete transparency on charges. Car club offers special deals during weekend on chauffeur drive rentals.

Currently with a presence in 101 cities, Car club aims to expand its network to over 100+ cities in India by 2015-16.

Mission Statement

We will establish ourselves as a leader in Ground Transportation Business, through wide network, state of art technology, strict quality
assurance processes, highly motivated and experienced manpower, to achieve the larger market share, higher revenues, higher profitability and
most reliable service delivery status thus creating value for our Customers, Shareholders and Employees.

Car Club Services

Chauffeur drive

Self Drive

Special Events

Berggruen Holding

Car club is the brand owned by Berggruen Car Rentals Private Limited a venture by Berggruen Holdings Inc.

Berggruen Holdings has net equity in excess of 2 billion dollars. In the aggregate the firm’s private equity portfolio is debt free and
represents businesses that currently have 5 billion dollars in revenue and in excess of 250 million dollars EBITDA.

Berggruen Holdings takes a long-term, value-oriented, often contrarian view. Berggruen Holdings prefer to build organically and through
acquisitions, partnering with management, as opposed to quick, opportunistic exits. Depending on the opportunity and asset class, Berggruen
Holdings is prepared to invest up to 200 million dollars in any one transaction.

Company History

Berggruen Holdings is the direct investment vehicle of The Nicolas Berggruen Charitable Trust. Over the last 20 years, Berggruen Holdings and
related entities have made well over 100 direct investments using its proprietary capital, which allows for longer investment horizons,
flexibility in financing and swift investment decisions. Nicolas Berggruen is the Chairman of the Board of Berggruen Holdings.

Opportunities

Berggruen Holdings works closely with existing management teams, developers and asset managers to identify appropriate investment opportunities,
with few requirements except for positive cash flow. It is this strategy that allows Berggruen Holdings to successfully invest globally across
asset classes. The Berggruen Group has offices in New York, Berlin, Istanbul, Mumbai and Tel Aviv.

Management Team

Mr. S.P.Balasubramanian (Managing Director & CEO)

A professional who had worked with Alitalia airlines before joining International Travel House – Master franchisee of Europcar in India, an ITC
Group Company. Worked as City Manager and Regional Manager – South India with Europcar for about 7 years, was responsible for turnaround of the Company
in the region and established leadership in the business. In the year 2000 joined hands with professional colleagues and founded Carzonrent (India)
Private Limited which went ahead and became the Master franchisee of Hertz in India in 2001. As a Chief Operating Officer of the Company, successfully
developed the Corporate business in the Company and was responsible for the constant growth of the Company. Partnered with Berggruen Holdings in 2007
to set up Berggruen Car Rentals with the brand name of “Car club” and inducted a team of professionals at the top Management level. Worked with a
committed and experienced team, started car rental operations in September, 2007 with network of 8 cities. Car club is present in 101 cities today
operating over 3000 premium cars catering to 800+ corporate houses in India. After establishing sizeable market share in the car rental business,
has set up the staff transportation business under the brand name " Select Cabs" during October, 2008. Select cabs today operates in 11 cities,
transporting over 12000 employees of various ITES companies across the country.

Mr. Ajit John (Vice President Operations)

Ajit an engineer has over 12 years hard core experience which includes handling projects, customer support, facilities and administration. He has worked in
companies like E-City Entertainment an Essel group, Adventity BPO and Paternoster India & Jardine Lloyd Thompson India. Ajit will be heading operations as
Vice President –Operations and will also be looking into the quality and vendor development of the business.

Mr. R. Rajesh (Vice President Sales)

Rajesh had started his career with Henco Rent a Car who is a major car rental operator in Dubai International airport. After the stint of 4 years, Rajesh moved
back to India to join with Europcar (International Travel House) as Sales Manager in Bangalore. Also worked with Hertz India and ORIX Auto in Sales department in
the cities of Chennai & Bangalore, Rajesh was responsible for major sales surge in these organizations. With more than 12 years of selling experience, Rajesh
heads the Car rentals Sales team apart from responsible for development of Self Drive business in India and he is involved in key decision making processes.

Mr. Mahesh Choudhary (Chief Finance Officer)

Mahesh a Chartered Accountant, has overall 11 year experience in various industries. He worked with Kukreja Construction, Alumayer , Unitech , Jindal Stainless
and Syntel Ltd at various levels. He has rich experience in MIS, Finance, Accounts, Taxation, Costing , Budgeting etc. Mahesh is Finance Controller in Car club
and has successfully implemented the Financial ERP of the Company. Mahesh is a key member of Management Team and will head Finance Team for all the business of
the Company.

Mr. Sanjay Minhas (Head - Information Technology)

Sanjay Minhas heads the Information Technology department in the Company and is responsible for the Company’s Technology Plan. Sanjay has overall 12 years
experience in the related field and worked with Companies including HCL and Hertz India Sanjay has successfully implemented the first phase of technology plan of
the Company which has provided a cutting edge over competition in the Industry. A constant improviser, Sanjay is working on III phase of the Company’s ambitious
IT plans.

Mr. Arnold Mathias (Manager HR & Personnel)

Arnold is specialist in Human Resources and has a rich experience of 10 years in worked with Zodiac and Hertz Carzonrent ( India) before joining Car club.
Arnold heads the Human resources department in Car club and responsible for various Key activities in HR.